Chennai, India – 18 March 2020

Sun Tyre & Wheel Systems, part of the 109-year, $8 billion TVS Group of India, has acquired SIRIUS Controls Pvt Ltd. based in India. The acquisition of SIRIUS extends the range of products offered by SUN-TWS to the Material Handling segment.

SIRIUS Controls Pvt Ltd. was set up in 1986 to produce Chargers for Flooded Lead Acid, VRLA, and Lithium batteries used in Material Handling Equipment. Sirius has an overwhelming share of all major OEMs in India. This includes Toyota, Godrej, Kion, Hyundai etc. This acquisition will help both companies capitalise on the synergies within the Material Handling space.

Mr. Uday Kiran, Vice President SUN-TWS commented: "Our Mission is to play a strong and integral role in Material Handling segment globally and this acquisition initiates our first step towards our mission, and SIRIUS syncs perfectly with our business goals, and ethical values. There are several synergies we expect to draw upon to enhance our combined presence in material handling segments, making SUN-TWS stronger."

"TVS is globally known for its quality & process systems, so we are excited to bring onboard some of our best resources to Sirius to make it most preferred partner in this segment

Mr. M Krishnan, Director at SIRIUS states "We are very happy to formalise our close working relationship with SUN-TWS, and we see benefits immediately for our OEM clients in India, and through SUN-TWS’ global client network to expand our presence in major countries of the world."

Sirius and SUN-TWS OneSource will integrate seamlessly and will expand its network globally. The existing Sirius Management team of Kichu, Sathish, Balu and Raman will continue to handle the business operations and transition will be seamless to our clients and vendors.

Sirius has been designing, developing and manufacturing battery chargers in India since 1986. Sirius now has over 75,000 chargers working in India and overseas.

Our chargers have proven their ruggedness and reliability by working in industrial environments. The Sirius engineering team has many firsts to its credit.

Our Focus area is on the Battery-Operated Material Handling (BOMH) segment. Our chargers are designed for use with Flooded Lead Acid batteries, VRLA batteries and Lithium batteries. We have different charging profiles for various types of batteries